😱 Market sentiment at freezing point, liquidity exhausted

🐳 Institutional big players are retreating, retail investors in panic sell-off

⏳ Bottoming process requires 3 months+, reversal is still early

💸 Deteriorating funding situation:

🚫 Newcomers are on the sidelines, veterans are trapped

📉 Net outflow from exchanges, silence on-chain

🤯 Lack of new narratives, incremental funds are cut off

🦉 Operational suggestions:

👀 Maintain a wait-and-see approach

❌ Avoid catching falling knives

📊 Keep a close eye on key levels of BTC/ETH

🎯 Possible turnaround by the end of Q4 or Q1 next year

❄️ Winter has arrived, patiently waiting for spring to come 🌹